U.S. Hardware Encryption Market by Algorithm & Standard, Architecture, Product, Application, and End Use : Opportunity Analysis and Industry…

U. S. Hardware Encryption Market by Algorithm & Standard (Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and Others), Architecture (Application-Specific Integrated Circuit (ASIC) and Field-Programmable Gate Array (FPGA)), Product (Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and Inline Network Encryptor), Application (Consumer electronics, IT & Telecom , Automotive & Transportation, Aerospace & Defense, Healthcare, and Others), and End Use (Industrial, Commercial, Residential, and Government): Opportunity Analysis and Industry Forecast, 2019-2026.

New York, March 06, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "U.S. Hardware Encryption Market by Algorithm & Standard, Architecture, Product, Application, and End Use : Opportunity Analysis and Industry Forecast, 2019-2026" - https://www.reportlinker.com/p05868990/?utm_source=GNW

Hardware encryption is a hardware-based technique which is used for securing digital data. There are two forms of encryption; hardware-based encryption and software-based encryption. Hardware encryption uses a processor that contains random number of generators to generate encryption key. The key advantage of hardware-based solutions is that they eliminate the typical drawbacks of software-based solutions such as performance degradation for attacks aimed at the encryption key stored in memory. In hardware encryption, the security parameters and safeguard keys enhance the performance of encryption. These security parameters protect the encryption from cold boots and brute force attacks. Hardware encryption is a cost-effective method that holds diverse applications in securing data efficiently. Increase in regulatory compliances regarding protection of private & sensitive data and reduction in prices of hardware encryption devices majorly drive the growth of the market. Moreover, factors such as increase in concerns related to data security and privacy, growth of the consumer electronics such as smartphones and tablets and increase in complexity & volume of data breaches and brute force attacks drive the growth of the market. However, high capital investment and limited use of encrypted devices in the U.S. hinder the market growth. On the contrary, widespread adoption of Internet of Things (IoT) technology and cloud services as well as technological advancement on encryption chip are anticipated to offer lucrative opportunities for the market. The U.S. hardware encryption market is segmented into algorithm & standard, architecture, product, application, and end use. Depending on algorithm and standard, the market is bifurcated into Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and others. On the basis of architecture, it is classified into Application-Specific Integrated Circuit (ASIC) and Field-Programmable Gate Array (FPGA). The product segment includes Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and incline network encryptor. By application, the market is categorized into consumer electronics, IT & telecom, automotive & transportation, aerospace and defense, healthcare and others. The end use segment is segregated into industrial, commercial, residential, and government. The report analyzes the profiles of key players operating in the market, which include International Business Machines (IBM) Corporation, Kingston Technology Company, Inc., McAfee, LLC, Micron Technology, Inc., NetApp, Samsung Electronics Co., Ltd., Seagate Technology LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.

KEY BENEFITS FOR STAKEHOLDERS The study provides an in-depth analysis of the U.S. hardware encryption market trends to elucidate the imminent investment pockets. Information about key drivers, restraints, and opportunities and their impact analyses on the U.S. hardware encryption market size is provided. Porters five forces analysis illustrates the potency of the buyers and suppliers operating in the U.S. hardware encryption industry. The quantitative analysis of the market from 2014 to 2026 is provided to determine the U.S. hardware encryption market potential.

KEY MARKET SEGMENTS

By Algorithm & Standard Rivest, Shamir, and Adelman (RSA) Advanced Encryption Standard (AES) Others

By Architecture Application-Specific Integrated Circuit (ASIC) Field-Programmable Gate Array (FPGA)

By Product Hard Disk Drive (HDD) o External HDD o Internal HDD Solid State Drives (SSD) Universal Serial Bus (USB) o Up to 4GB o 5GB to 16GB o 17GB to 64GB o 65GB and above Inline Network Encryptor

By Application Consumer electronics IT & Telecom Automotive & Transportation Aerospace and Defense Healthcare Others

By End Use Industrial Commercial Residential Government

BY REGION North America o U.S. o Canada Europe o Germany o France o UK o Rest of Europe

Asia-Pacific o Japan o China o India o Rest of Asia-Pacific

LAMEA o Latin America o Middle East o Africa

KEY MARKET PLAYERS International Business Machines (IBM) Corporation Kingston Technology Company, Inc. McAfee, LLC Micron Technology, Inc. NetApp, Inc. Samsung Electronics Co., Ltd. Seagate Technology LLC Symantec Corporation Toshiba Corporation Western Digital Technologies, Inc.

Read the full report: https://www.reportlinker.com/p05868990/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Clare: clare@reportlinker.comUS: (339)-368-6001Intl: +1 339-368-6001

Go here to see the original:
U.S. Hardware Encryption Market by Algorithm & Standard, Architecture, Product, Application, and End Use : Opportunity Analysis and Industry...

Datrium awarded patents for resiliency and encryption tech – SecurityBrief Australia

Datrium has been awarded patents for data resiliency and encryption, recognising the companys ability to create innovative solutions for customers.

The company, providing a secure multi cloud data platform for the resilient enterprise, received the US patents for data resiliency and durability; enhanced storage performance; advancements in server-powered deduplication, encryption and compression; and data path monitoring for improved network resilience.

The patents were invented by Datriums leaders and engineering team. Many of the same team created the backup deduplication technology at Data Domain.

Datrium now holds 13 US patents and one international. US patents #10,514,982, #10,359,945, #10,180,948, #10,540,504 and #10,554,520 are aimed at enabling IT leaders to improve the resilience of their data and reduce the risk of disasters, Datrium states.

The patents address core methods for providing Live Mount on a cloud blob store, preserving deduplication economics while raising the bar on Blanket Encryption and providing stronger network resilience in clouds that offer limited networking control, according to the company.

Datrium has shared more specifically what the patents are and why they are significant for customers.

Blanket Encryption Datrium US patent #10,540,504 is a method for preserving deduplication while providing Blanket Encryption in use, in flight and at restin distributed storage systems. This advancement enables the economics of cloud backup storage, while using encryption to combat threats.

Split Provisioning suitable for public cloud deployment Datrium US patent #10,180,948 complements US patent #10,140,136 and #10,359,945. It extends Datriums Split Provisioning to include host caching and non-volatile storage as a separated part of a scaleout storage pool.

This Split Provisioning architecture enables Datrium to store data economically in blob storage such as AWS S3 and restart workloads with high performance in on-demand provisioned compute resources to respond to a disaster.

Managing non-volatile storage as a shared resource in a distributed system US patent #10,359,945 is a lightweight method for efficiently managing a shared pool of high-speed, non-volatile (NV) storage in a distributed system, Datrium states.

It also enables low-latency writes in the cloud even when the bulk of the data is stored in high-latency, but cost-effective blob storage.

Resilient writes in a degraded distributed erasure-coded storage system with key-based addressing US patent #10,514,982 is a core element of Datrium Automatrix technology.

It shows how to store data with full redundancy and durability even in the face of transient node or drive failures in distributed erasure-coded systems, Datrium states.

According to the company, most modern systems have mechanisms to eventually recover from a node or drive failure, but there is typically a window after a drive fails and before recovery when new data is stored in degraded mode with reduced durability.

With this technology, individual nodes can fail and Datrium will maintain the same level of durability, eliminating this window of data vulnerability.

When any of the storage devices in the system become inaccessible, the chunks nominally designated to be written to the device are instead written to alternate devices, according to the company.

Data path monitoring in a distributed storage network Datrium US patent #10,554,520 provides an improved method for distributed storage system network resilience that works in the cloud and does not rely on the Link Aggregation Control Protocol (LACP).

With Datriums advancements, host software and persistent storage pool software communicate with each other to assess link status and direct data flow

Datrium chief scientist and cofounder Hugo Patterson says, We are transforming the way enterprises approach disaster recovery with new resilience and data durability enhancements.

Our team is thrilled to be awarded these patents that are the basis of the next generation of data encryption, deduplication and resilience technology. These patents are key enablers for a secure hybrid and multi cloud ecosystem, including DR as a Service in the public cloud.

Datrium CEO Tim Page says, Our latest patents validate Datriums position as leader in data resiliency and data protection, in public clouds and on prem. Datriums world-class engineers continue to push the boundaries of innovation so that we can give our customers the strongest and easiest-to-use infrastructure to meet the growing threats of twenty-first century cybercrimes and natural disasters.

Our team is delivering technical innovations that enable IT leaders to improve the resilience of their data and simultaneously reduce their risk of disaster.

Visit link:
Datrium awarded patents for resiliency and encryption tech - SecurityBrief Australia

What are the top-rated encrypted texting apps? – Fox Business

FOX Business Briefs: Facebook's messaging system WhatsApp reveals vulnerability to hackers after an Israeli firm was allegedly able to install spyware onto phones by simply placing a call; Supreme Court ruling opens the door for consumers to sue Apple for forcing them to buy apps exclusive to the tech giant.

Encrypted messagingapps anddigital privacy in generalare in high demand in this era of big tech and heightened cybercrime capabilities.

Manydevelopers have created similar but individually uniqueprivate messaging apps to fulfill this consumer demand for a way to communicate privately without fear that neither developers nor other third parties like hackers or law enforcement can access messages through a back door.

In other words, only users messaging each other can read those messages. This is called end-to-end encryption. iMessage comes equipped with end-to-end encryption on iPhones, but Google Messages has yet to offer the same end-to-end capability.

Here are the top-rated, free messaging apps created by independent developers other than Google and Apple with end-to-end encryption on Androids and iPhones:

Facebook-ownedWhatsAppis by far the most popular and top-ratedmessaging app with end-to-end encryption in the world. On the App Store, WhatsApp has 6.8 million reviews and a nearly five-star rating average; on Google Play, it has more than 106 million reviews and an average rating of more than four stars.

FACEBOOK WILL OPPOSE GOVERNMENT REQUEST FOR 'BACKDOOR' ACCESS TO READ ENCRYPTED MESSAGES

More than 25 percent of the world's entire populationusedWhatsAppas of Feb. 12because some countries like India and Brazil -- WhatsApp's most frequent users -- do not have the same network capabilities as the U.S.

The app has come under increasing scrutiny, however, because a number of cybercriminals have taken advantage of the app's convenience and encryption technology, highlighting the dangers of the app's unique vulnerabilities and capabilities on a global scale.

In January, two U.N. expertscalled foraninvestigationby the U.S. into information they received suggestingAmazonfounderJeff Bezosopened a malware-containing video message onWhatsApp that appeared to come from Saudi Crown PrinceMohammad Bin Salman's personal account in 2018. The alleged cyberattackmade national news.

Facebook Messenger does not come up when users search for "encrypted messaging" despite the fact that it is the most popular messaging app withend-to-end encryption. Messenger has 1.1 million reviews on the App Store and an average rating of more than four stars; on Google Play, it has more than 71 million reviews and the same rating.

Messenger has receivedcriticism similar to WhatsApp for helping to fuel criminal activity.

The New York Times published a comprehensive report on the child sex abuse and human trafficking that takes place on encrypted messaging apps such as Messenger. The report notes that Messenger only became encrypted after Facebook came under pressure for not taking privacy seriously.

POPULAR CHAT APP ACCUSED OF BEING SECRET SPY FOR UAE

"Facebook announced in Marchplans to encrypt Messenger, which last year was responsible for nearly 12 million of the 18.4 million worldwide reports of child sexual abuse material, according to people familiar with the reports," the report reads.

Snapchat is a popular app among young smartphone users that allows users to send photos, videos and messages that disappear in seconds, though users can make them last for up to 24 hours if they choose to do so. The app introduced end-to-end encryption in 2018.

Snapchat has 261,000 reviews on the App Store and an average rating of more than four stars; the app has 21 million total reviews on Google Play and the same rating.

(REUTERS/Eric Thayer/File Photo)

Users can also video chat with up to 16 contacts.

The app's average user base is very young; 52 percent are under the age of 25, according to The Wall Street Journal.

Telegram is another great app option for a messaging app with end-to-end encryption, especially since it is not tied to a big tech company, so it offers a unique independent app experience. Telegram has 82,000 reviews on the App Store and an average rating of more than four stars; on Google Play, it has 4.6 million total reviews and a four-and-a-half star average rating.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Pavel Durov, the app's CEO,said in a March 2019blog post that his app gained 3 million followers after WhatsApp and Facebook Messenger experienced temporary outages, according to digital tech magazine The Verge.

Telegram is the only encrypted messaging app that has an age limit; users must be 17 or older to downloadTelegram.

It also has unlimited space to send files and photos without having to delete them to increase storage; it has the ability to create a group chat with 200,000 members, and ittouts itself as the fastest messaging app.

While Signal's userbase is nowhere near that of Messenger or WhatsApp, it also offers a similar alternative to the two apps owned by Facebook with its end-to-end encrypted messaging capabilities. Signal has more than 400,000 reviews on Google Play and an above-four-star rating; on the App Store, it has a five-star rating and nearly 300,000 reviews.

Signal markets itself as a messaging app dedicated to privacy. The app allows users to securely use their real phone numbers and contacts list to communicate with others. It also offers a feature that lets users edit images within the app before sending them to contacts.

Signal, unlike Telegram, does not have an age limit.

A federal grand jury subpoenaed the app in 2016, demanding it hand over information from a conversation that took place on the app. Signal, however, could only produce the dates that the users of the conversation in question created and deleted their accounts.

"The Signal service was designed to minimize the data we retain,"Moxie Marlinspike, the founder of Signal owner Open Whisper Systems, said at the time, according to a New York Times report.

READ MORE ON FOX BUSINESS BY CLICKING HERE

Read more here:
What are the top-rated encrypted texting apps? - Fox Business

2020 election: a guide to Section 230, encryption, big tech and more – The Verge

The 2020 presidential election is going to kick off a firestorm of change for our country and the networks that connect us all.The internet and information economy is at an inflection point: the disruptors are no longer upstarts, but have become the new giants, in every sense of the word. Those giants often operate in fields where there is little regulation to protect consumers, like data and advertising, or bump up against the authority of the government in uncomfortable ways, like law enforcement and encryption.At The Verge, weve always paid attention to how simple things like the price of broadband are deeply connected to complicated tech policy debates. And weve been closely watching the collision between social networks and democracy Casey Newton has been writing a daily newsletter called The Interface tracking that subject since 2017. So for the 2020 election cycle, we want to give you a central place to learn about the main tech policy issues were following, see the latest news, and feel like you have a guide through it all. Well be focused on a few main areas: speech and moderation on internet platforms; data and privacy; broadband access; antitrust and corporate behavior; and climate change.

See the original post:
2020 election: a guide to Section 230, encryption, big tech and more - The Verge

How Encrypted Messaging Works And Why Australian Spies Are Trying To Break The Code – Gizmodo Australia

With hackers becoming increasingly savvy, many Australians have turned to encrypted messaging apps to cloak messages between friends, colleagues and whoever else they're speaking to. But beyond knowing it's one of the safest ways to communicate digitally, end-to-end encryption remains a bit of a mystery. Here's how it works and why Australia's spy agencies are trying to find a way in.

The short message service, or SMS, has been popular since the start of the 2000s and has prevailed for the two decades that followed. While it's a reliable service and many of us still use it daily, it's not an encrypted service. This obviously wasn't as big a deal in its early stages, as the technology was still being understood and people were less concerned with unknown actors peeking in on their communications. 20 years on, encryption is a primary concern for many.

As more people have come to understand that messaging services such as Facebook's Messenger, Twitter and Instagram are not encrypted, it has led to the rise of more secure services such as WhatsApp and Signal.

Gizmodo Australia spoke to Dr Allan Orr, an international security expert, to understand what makes a message encrypted and how these platforms work.

"It's a form of code that ensures that even if a message is intercepted in transit by unintended recipients, it can't be read," Dr Orr said to Gizmodo Australia over email.

In layman's terms, when someone creates an account on a messaging service a unique private and public key are created. A private key stays wholly within the device while a public key helps to send the encrypted messages to other people.

Say someone wants to send an encrypted message to someone else, the contents are then cloaked with the recipient's unique public key. The recipient opens the message using their private key meaning only they can see the message's contents. The only other place the message passes through is the service provider's server but unlike an SMS, for example, it never sees the message because its locked by the recipient's private key it's more or less just a series of unintelligible characters.

A popular explanation is that Bob sends an encrypted message to his friend, Alice. Bob's message is encrypted with Alice's public key and only Alice's private key can decrypt it. So when it passes through the server, the server sees none of the actual contents of the message because it doesn't have Alice's private key.

"The 'key' on the final destination end is random, private and one off and the only way to access it is to have physical access to the device or computer its on or the password to the account," Orr said.

"However, apparently there are still vulnerabilities even in WhatsApp, they hit the news fairly regularly, and regularity of any kind of security vulnerabilities, or one offs for that matter, are extremely worrying if not self-defeating."

Powerful spyware developed by Israeli cyber-intelligence company NSO Group exploited a vulnerability in encrypted messaging app WhatsApp to transfer itself to targeted devices, the Financial Times reported on Monday.

Read more

Not all encryption messaging services are created equal, however. WhatApp, Wickr, Signal and Telegram all offer encrypted messaging services but how they encrypt messages varies.

"Some have more sophisticated algorithms than others," Orr said.

"I understand WhatsApp and Signal protocols are now the same. Wikr differs in that its messages are automatically deleted after a certain amount of time and therefore are ephemeral."

Other services, like Signal, also offer a self-destruct mechanism, which deletes messages sent on both users' ends.

ASIO's head has admitted the agency's pretty pleased about legislation enacted in 2018 compelling encrypted communication providers, like WhatsApp, to hand over messages if users are under investigation for serious crimes. In a speech detailing the agency's threat assessments, he told the audience he was "happy to report that the internet did not break as a result!"

Read more

It's the question everyone's wanting to know but it's one, according to Orr, that's mostly guess work at the moment.

Under the controversial Assistance and Access Act 2018, there are three ways agencies can request assistance from messaging service providers. These are known as The Technical Assistance Request (TAR), Technical Assistance Notice (TAN) and Technical Capability Notice (TCN).

The Australian Home Affairs website offers a vague and complex summary of each one but Orr attempted to give an idea of what they enable law enforcement agencies to do. The TAR, as Orr understands it, is to let them know who downloaded it and uses it. Orr's understanding of the remaining two aspects the TAN and the TCN is limited and this is by design.

"I think [the TAN] is to advise who on the other end is being communicated with or to provide access to unencrypted messages," Orr said. "[The] TCN is vague because they're trying not to expressly tell the... criminals what they are doing here."

Because of the way end-to-end encryption works, a law enforcement or spy agency can't simply read an encrypted message. Orr suspects agencies will gain access to encrypted messages by one of two ways if they haven't already forcing providers to decode messages or receiving a key so they can unlock the contents of a message themselves.

In these cases, WhatsApp says it will notify users unless it's illegal or exceptional.

"WhatsApp reserves the right to notify people who use our service of requests for their information prior to disclosure unless we are prohibited by law from doing so or in exceptional circumstances, such as child exploitation cases, emergencies or when notice would be counterproductive," the service says on its FAQ page.

The legislation is limited, Orr admits, and it's due to the furore it created at the time.

"It won't allow the government to access the messages of users who reside in any other country other than Australia so the government's not going to be able to read the messages of foreign citizens," Orr said.

"It won't be able to decode the messages sent from those people overseas, it will in fact only be able to read the messages that Australians create. So it's extremely limited use for the Five Eyes alliance."

A recent bill introduced to parliament on March 5, however, would change this.

The bill paves the way for Australian agencies to easier share communications data from its citizens as well as request information from foreign citizens too. It, too, would fall under the Home Affairs portfolio headed by Minister Peter Dutton.

It forms another aspect helping to round out the powers provided by the Access and Assistance Act 2018 as well as the proposed changes to the Australian Signals Directorate's reach an intelligence agency focusing on foreign communications interceptions that Minister Dutton would like to be given more power domestically.

A new amendment has been introduced in parliament looking to allow for the easier sharing of communications data between Australia's law enforcement and spy agencies and foreign governments. It comes in response to calls that spy agencies are being left behind without timely access to messaging apps with cloud servers in foreign jurisdictions.

Read more

Continued here:
How Encrypted Messaging Works And Why Australian Spies Are Trying To Break The Code - Gizmodo Australia

Bitcoin’s $9,000 Price Stays Steady as Sentiment Stays Positive – CoinDesk – CoinDesk

As global equity markets continue to get pummeled, bitcoins return to the $9,000 level may have been driven by some of the same forces causing a rally in bonds a desire for respite from a coronavirus-plagued markets.

After sharp gains in price Thursday, bitcoin (BTC) has been trading steadily in a range between $9,000 and $9,200. For the past 24 hours, bitcoin's price change has been minimal, down half a percent as of 18:00 UTC (1 p.m. ET).

Traders see bitcoins jump back into the $9,000 range as another sign bitcoin is trending upward in 2020 while traditional markets stumble. Year to date, bitcoin is up over 26 percent while the S&P 500 stock index is down 9 percent. Cryptocurrency sentiment appears bullish as prices remain above significant moving averages.

Although traders seem to be open to viewingthe cryptocurrency markets as a safe haven from stock market turmoil, more volatility is possible ahead of Mays halving, an event that will slash in half the reward bitcoin miners obtain.

It's a relief rally. In my opinion, we have a likelihood of sweeping another low before the post-halvening rally, said Mostafa Al-Mashita of Canadian crypto brokerage firm Secure Digital Markets.

I believe gold and BTC are safe havens, said Henrik Kugelberg, a Sweden-based crypto OTC trader. As coronavirus has just started to spread, I believe a strong market will last well until the halving will have effect. To me it seems plausible that we can hit an all-time high this year, perhaps within six months.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

View original post here:
Bitcoin's $9,000 Price Stays Steady as Sentiment Stays Positive - CoinDesk - CoinDesk

Stop Treating Bitcoin as Risky. It’s a Safer Asset Than Most – CoinDesk – CoinDesk

Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures.

People think I got into bitcoin (BTC) because I have a high risk tolerance.

Actually, I got in because I have a low risk tolerance for worst-case scenarios.

Bitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This means that most people continue to view cryptocurrency as kind of crazy. Its a gamble.

These dynamics mean that investors often bucket bitcoin as a risk asset. It gets put in the same category as high-growth stocks, high-yield debt, high-beta exchange-traded funds, venture capital investments and emerging markets.

Markets broadly have two modes: risk-on and risk-off. In risk-on scenarios, when markets are confident and things are moving higher, risk assets tend to outperform safe havens. When the markets are risk-off, safe-haven assets like gold, treasury bonds and cash fare better, and are often the only investments trading higher as investors sell out of their riskier positions.

Whether a financial product is a risk asset or a safe haven depends on a number of properties. In some cases it depends on the fundamentals of the asset. Share price is a reflection of the projected future cash flows of the business, which in turn depend on dynamics like customer demand. The dynamics can make companies more or less subject to movements of the markets. In other cases, the categorization of a given asset might depend on supply and demand dynamics. Gold, with its relatively fixed supply and consistent demand from entities like central banks, is resilient to market cycles and downward shocks. In all cases, however, I would argue that what matters most in understanding asset correlations and behavior is market perception. Do traders and investors view the asset as a good place to hunker down in volatile markets? Or do market participants view the investment as vulnerable to the downside, but also prime to participate in boom cycles?

The markets certainly still seem to view bitcoin as the latter. And as far as the price of bitcoin is concerned, and as far as any market correlations are concerned, that perception is all that matters.

This perception misses bitcoins most important properties. Bitcoin is, in many ways, the ultimate safe haven asset. It can be self-custodied, so even when systems of trust and rule of law breaks down, it can be held. It is open and borderless, with relatively liquid markets in every country in the world. It is censorship-resistant, meaning no government nor institution can, practically speaking, prevent investment or transaction in bitcoin. Bitcoin has a fixed supply, much like gold. Bitcoin is digital, which makes it practical to hoard, hold and transport. For doomsday preppers, dystopian sci-fi fans and apocalypse predictors, there is a lot to like about bitcoin.

Yet, if we look at the behavior of the bitcoin price over the last couple of weeks, as concerns over a global pandemic have ramped up, it is clear that bitcoin continues to behave more like a high-risk investment than like the safe haven which it promises to be.

Do the markets have it wrong? Should bitcoin be more correlated with gold than with Apple stock? Maybe. But as John Maynard Keynes put it, The markets can stay irrational longer than you can stay solvent. The road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education. What matters is the narrative around the asset, and right now the narrative around bitcoin is that it is an early-stage, high-risk bet. As far as the markets are concerned, that perception is reality.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Excerpt from:
Stop Treating Bitcoin as Risky. It's a Safer Asset Than Most - CoinDesk - CoinDesk

Novogratz On Bitcoin & Beyond: Redefining The Digital Assets Ecosystem – Forbes

Michael Novogratz, CEO & Founder, Galaxy Digital

Julie Cooling, Founder & CEO,RIA Channelinterviewed Michael Novogratz, CEO and Founder ofGalaxy Digital, a merchant bank dedicated to digital assets and blockchain technology. In 2018, Galaxy launched the Bloomberg Galaxy Crypto Index (BGCI), an index set to track the performance of the larger, liquid cryptocurrencies such as bitcoin, Ethereum, and XRP. Galaxy recently launched the Galaxy Bitcoin Funds, which provide simple and secure bitcoin exposure for institutional and accredited investors. They currently manage over $350 million in assets.

Blockchain is a proven technology of peer-to-peer networks actively used today by some of the largest institutions in the world to digitize their businesses and improve efficiencies. In order to transact within a decentralized environment via any blockchain technology, cryptocurrencies are required. Many cryptocurrencies are used as a means of exchange, while bitcoin is widely regarded as a store of value and an alternative to other hard assets such as gold. The IRS classifies cryptocurrencies as assets, and its perfectly legal to use bitcoin to transact business.

As more and more mainstream companies embrace digital assets and invest in infrastructure to support it, the overall system should become safer and company values within this asset class should increase. Fidelity now offers custody of cryptocurrencies, for example. Facebook recently announced Libra, a new cryptocurrency set to release in 2020 to facilitate global payments and empower consumers with low cost, easily accessible capital. Some investors are concerned about the recent volatility of bitcoin and the overall value of digital currencies. Warren Buffett has been quite outspoken on his disdain for cryptocurrencies, calling them an elusion, and claiming he will never invest bitcoin.

While skeptics sideline their investments, Novogratz points to younger generations that maintain a higher comfort level in the digital ecosystem and who are actively investing in bitcoin, blockchain companies, and modern payment platforms. Novogratz further points to the asset class as a whole as being non-correlated with equity and bond markets, adding diversity to portfolios and thus lowering overall portfolio risk. A macro hedging expert, Novogratz is no stranger to risk, and considers bitcoin and the entire digital assets universe an opportunity with many unknowns. As investor education, transparency, custody and access points improve, Novogratz plans to participate by investing methodically and wants to bring his investors along with him.

For more information on Galaxy Digital, watch the recent RIA Channel webcast:Diversifying with Digital Assets.

Read the original post:
Novogratz On Bitcoin & Beyond: Redefining The Digital Assets Ecosystem - Forbes

Bitcoin Rallies After Biggest Weekly Drop Since November – CoinDesk – Coindesk

View

Bitcoin (BTC) is flashing green on Monday, having suffered a double-digit price drop last week.

The top cryptocurrency is currently trading over $8,740, representing a 1.9 percent gain on a 24-hour basis, according to CoinDesks Bitcoin Price Index.

The news will be welcomed by bitcoin's bulls, as prices fell by 13 percent in the seven days to March 1, registering the biggest weekly loss since the third week of November. Back then, the cryptocurrency dropped by 18.7 percent over the same period.

Equity markets across the globe also fell sharply last week as investors shunned risk on fears the coronavirus pandemic will cause a serious slowdown in the global economy.

The S&P 500, Wall Streets benchmark stock index, fell for the seventh straight day on Friday. The sell-off wiped out five months of the rally from 2,855 to 3,393.Even so, the index outperformed bitcoin on a weekly basis with an 11 percent drop.

Despite last week's drop, bitcoin is still outperforming both gold and the S&P 500 on a year-to-date basis with 20 percent gains. Meanwhile, ethereums ether (ETH) token, the second-largest cryptocurrency by market value, has rallied 74 percent so far this year.

Liquidity source?

Bitcoin fell last week as investors liquidated their holdings to fund margin calls triggered by the stock market crash, according to billionaire investor and Galaxy Digital founder Micheal Novogratz.

A margin call occurs when the value of the investors leverage account drops below the minimum margin requirement. The investor is then required to bring in additional capital or securities to build back the account up to the minimum margin requirement.

Essentially, Novogratz thinks bitcoin served as a source of liquidity last week, having apparently found a role as a safe haven in January when prices rose by 30 percent amid the U.S. Iran tensions and the beginnings of the coronavirus outbreak in China.

Currently, there is no evidence to prove that margin call-related selling fueled bitcoins price drop. That possibility, however, cannot be ruled out altogether, as perceived safe havens like gold are often used as source of liquidity.

Gold, a classic anti-risk asset, fell by 4 percent last week also the biggest weekly loss since November reportedly due to margin calls.

At press time, the metal is changing hands at $1,610 per ounce up 3 percent from Fridays low of $1,563.

As bitcoin also gains ground, the bulls need a close above Sundays high to maintain the rally.

Daily chart

Bitcoin created a doji candle on Sunday, signaling seller exhaustion. A UTC close above Sundays high of $8,756 would validate the doji candle and confirm an end of the pullback from the recent highs above $10,500.

A bullish close could bring additional gains towards the former support-turned-resistance of the head-and-shoulders neckline at $9,500.

Alternatively, if prices find acceptance under Sundays low of $8,410, a bearish doji continuation pattern would be confirmed and a deeper drop to $8,213 (Feb. 24 low) and possibly to $8,000 may be seen.

Disclosure:The author holds no cryptocurrency at the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

More:
Bitcoin Rallies After Biggest Weekly Drop Since November - CoinDesk - Coindesk

Bitcoin Could Moon If Jack Dorsey Is Ousted From Twitter – Forbes

Twitter cofounder and chief executive Jack Dorsey is one of the biggest bitcoin cheerleaders in Silicon ValleyDorsey "loves" bitcoin.

The bitcoin and cryptocurrency community was worried by news last week the powerful Wall Street activist investor Elliott Management has bought $1 billion worth of Twitter stock and is working to oust Dorsey from the company he helped build.

However, while bitcoin fans might cheer Twitter's recent addition of a bitcoin emoji, Dorsey could do much more for bitcoin and crypto without having to worry about running one of the world's biggest social media sitesperhaps sending the bitcoin price to the moon.

Jack Dorsey runs both the micro-blogging platform Twitter and payments company Square. Square has ... [+] recently set up a bitcoin and cryptocurrency division to help develop crypto products.

The New York-based hedge fund Elliott Management is led by Republican-supporting billionaire Paul Singer, who once described bitcoin and cryptocurrencies as "one of the most brilliant scams in history."

But if Singer gets his way at Twitter it's unlikely the bitcoin and crypto industry would be significantly effectedElliott Management is far more concerned with Twitter's share price performance, how it deals with major world events like the spread of the coronavirus and the up-coming U.S. election, and ongoing accusations of political bias at the company.

Meanwhile, Dorsey would be free to commit his time and considerable resources to the other company he leads: the payments giant Squarealong with its newly created cryptocurrency division and its bitcoin-buying sensation Cash App.

Square's Cash App garneredalmost half its revenuefrom bitcoin in the last quarter of 2019, earning bitcoin revenue of $178 million between the start of October and the end of December, with gross profits of $3 millionup 50% over the prior two quarters.

Meanwhile, Square Crypto, the bitcoin development unit of Square, this week awarded grants to two bitcoin developers, allowing them to work full-time on open-source projects that benefit the bitcoin network.

In January, Square Crypto released a Lightning Development Kit to aid the growth of bitcoin's Lightning Network, a second-layer technology that could help bitcoin scale by enabling small payments to happen away from bitcoin's blockchain.

"Square Crypto is focusing on Lightning," Dorsey said viaTwitter.

Dorsey's growing interest in bitcoin and cryptocurrencies has, however, caused him problems.

Dorsey attracted criticism from Twitter and Square investors last year when he promised to spend from three to six months in Africa to explore cryptocurrency opportunities in 2020.

"Sad to be leaving [Africa]... for now," Dorsey said viaTwitter. "Africa will define the future (especially the bitcoin one!). Not sure where yet, but I'll be living here for 3-6 months mid-2020."

Interest in bitcoin and crypto from some of the world's biggest technology companies sent the ... [+] bitcoin price sharply higher last year.

Last year, the bitcoin price soared due to interest in bitcoin and crypto from technology giants including social media giant Facebook and iPhone-maker Applerising to highs of around $14,000 per bitcoin before faltering in the face of fierce regulatory scrutiny.

Facebook's plans for what it had hoped would be a bitcoin-beating private cryptocurrency, libra, have become derailedleaving bitcoin, the original and by far most valuable cryptocurrency, the front runner for what Dorsey has said could be the "internet's first currency."

Dorsey's support for bitcoin during his leadership of Twitter has been good for crypto's imagebut it's Square, not Twitter, that will make bitcoin mainstream.

Follow this link:
Bitcoin Could Moon If Jack Dorsey Is Ousted From Twitter - Forbes